Japanese LCD panel maker Sharp said it plans to increase the supply of small-size panels for Samsung Electronics, while continuing to provide panels to Samsung's rival Apple to increase factory shipments and keep the company alive.
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Sharp's increased collaboration with Samsung Electronics is at a time when Apple's growth is slowing and screen orders are decreasing. Analysts expect Apple's average profit growth for the next decade to be less than 5%, far below the 60% average for the past five years.
Sharp was forced to cut production of the 9.7-inch iPad display panel earlier this year. People familiar with the matter said Sharp also began to limit the supply of panels to Apple's next-generation iPhone, which will begin mass production in June this year.
It is understood that Sharp will announce the latest performance target when the latest results are announced: the operating profit forecast for the fiscal year ending March 2016 is raised to 1.5 billion US dollars, and the revenue is expected to be 30 billion US dollars. 